Ero Copper (ERO) Operating Margin (2020 - 2026)
Ero Copper's Operating Margin was 37.92% in the quarter ended Jun 30, 2026, up 8.59 percentage points from 29.34% a year earlier and up 2.88 percentage points from the prior quarter.
Ero Copper (ERO) Operating Margin (2020 - 2026) Analysis & Trends
On a trailing twelve-month basis, Ero Copper's Operating Margin was 36.34% through Jun 30, 2026, up 4.24 percentage points year-over-year; for the year ended Dec 31, 2025, it was 34.43%, up 11.27 percentage points from the prior year.
- Operating Margin shows a five-year change of -12.20 percentage points (years ended Dec 2020 to Dec 2025).
- In earlier years, Operating Margin was 23.16% in the year ended Dec 31, 2024 (+0.89 pp), 22.27% in the year ended Dec 31, 2023 (-8.17 pp), 30.44% in the year ended Dec 31, 2022 (-25.12 pp) and 55.55% in the year ended Dec 31, 2021 (+8.91 pp).
- Quarterly Operating Margin has moved between 12.40% (the quarter ended Mar 31, 2024) and 71.64% (the quarter ended Dec 31, 2021) over five years.
- Compared with a year earlier, Operating Margin has increased for three straight quarters, with an average year-over-year change of +2.49 percentage points over the last eight quarters.
- The best year-over-year quarter for Operating Margin over five years was the quarter ended Mar 31, 2025 (a gain of 21.96 percentage points); the worst was the quarter ended Mar 31, 2024 (a drop of 39.43 percentage points).
- Per Business Quant data, ERO's Operating Margin in the three quarters before the quarter ended Jun 30, 2026 was 35.04% (quarter ended Mar 31, 2026), 44.22% (quarter ended Dec 31, 2025) and 21.50% (quarter ended Sep 30, 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Rio Tinto | 179.45 Bn | 145.58 Bn | - | - |
| 2 | Southern Copper | 169.08 Bn | 147.94 Bn | 2.90 Bn | 61.16% |
| 3 | Newmont | 122.31 Bn | 90.49 Bn | 4.03 Bn | 16.48% |
| 4 | Ternium | 109.20 Bn | 74.25 Bn | 941.02 Mn | 12.17% |
| 5 | Freeport-Mcmoran | 103.31 Bn | 99.46 Bn | 2.19 Bn | 28.50% |
| 6 | Agnico Eagle Mines | 92.04 Bn | 92.04 Bn | 2.43 Bn | - |
| 7 | Barrick Mining | 68.84 Bn | 53.58 Bn | 2.90 Bn | 51.63% |
| 8 | Nucor | 55.48 Bn | 46.02 Bn | 2.03 Bn | 15.67% |
| 9 | ArcelorMittal | 53.16 Bn | 34.19 Bn | - | 6.29% |
| 10 | Ero Copper | 3.90 Bn | 3.54 Bn | 121.42 Mn | 37.92% |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 37.92% |
| Mar 31, 2026 | 35.04% |
| Dec 31, 2025 | 44.22% |
| Sep 30, 2025 | 21.50% |
| Jun 30, 2025 | 29.34% |
| Mar 31, 2025 | 34.36% |
| Dec 31, 2024 | 37.04% |
| Sep 30, 2024 | 28.64% |
| Jun 30, 2024 | 12.52% |
| Mar 31, 2024 | 12.40% |
| Dec 31, 2023 | 46.40% |
| Sep 30, 2023 | 47.42% |
| Jun 30, 2023 | 50.57% |
| Mar 31, 2023 | 51.83% |
| Dec 31, 2022 | 57.23% |
| Sep 30, 2022 | 40.20% |
| Jun 30, 2022 | 54.94% |
| Mar 31, 2022 | 66.30% |
| Dec 31, 2021 | 71.64% |
| Sep 30, 2021 | 68.53% |
Ero Copper Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=ERO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "ERO", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=ERO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();